Illinois Statutes

§ 25

Illinois § 25
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 805BUSINESS ORGANIZATIONS
Act 805 ILCS 35/Illinois Development Credit Corporation Act.

This text of Illinois § 25 is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
805 Ill. Comp. Stat. 25 (2026).

Text

A financial institution which does not become a member of a corporation established by this Act shall not acquire any shares of the capital stock of such corporation. This prohibition, however, shall not apply to a financial institution when acting as trustee of a bona fide trust.

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Legislative History

(Source: Laws 1965, p. 577.)

Nearby Sections

11
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Bluebook (online)
Illinois § 25, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/25.